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Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (8003)	5/6/2010 12:53:33 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 16955

TAN (solar energy) breaking down: $8 is a support line, where TAN has bottomed, on every downturn since May 2009. That line has now failed. FAN got above the 200 day moving average (blue line) in June 2009, was above that line almost continuously till January 2010, then fell below it. Last month, it almost got back up to the 200dma, and failed, indicating the previous support line, is now a resistance line, where rallies will fail. It is even more impressive, that this has happened, while the dominant company in the industry, FSLR, has announced such stellar 1Q10 results. This indicates the market is ignoring good news. In addition, individual stocks whose charts have looked bullish, are now breaking support lines. TSL is testing its 200dma, having been above that line since May 2009: YGE slipped below its 200dma in February 2010, failed repeatedly to get back above that line, and is now plunging down: STP has found support at around $13 for the last year, but that line has now failed: Sam: You are probably right, all the Chinese companies will plunge when the sector and market do. Time it right, and they will all be good shorts. It's a risky game, though, because they will all soar, even the weak companies, when sentiment turns bullish.